Podcast
Questions and Answers
What is the main focus of business incubators?
What is the main focus of business incubators?
- Developing job creation strategies
- Revitalizing existing businesses
- Providing support to new businesses in high-tech sectors (correct)
- Hosting events for well-established corporations
What resources do incubators typically share with new businesses?
What resources do incubators typically share with new businesses?
- Access to laboratories for product development and testing (correct)
- Funding for production costs
- Marketing expertise for product launches
- Human resource management training
How long can the incubation phase for a business last?
How long can the incubation phase for a business last?
- Up to six months
- Up to two years (correct)
- Up to one year
- Indefinitely
Which sectors do businesses supported by incubators often operate within?
Which sectors do businesses supported by incubators often operate within?
Why do government agencies provide aid to Canadian companies?
Why do government agencies provide aid to Canadian companies?
What contributes to the better success rate of businesses supported by an incubator over five years?
What contributes to the better success rate of businesses supported by an incubator over five years?
What is the main difference between a grant and a loan?
What is the main difference between a grant and a loan?
Why is it important for businesses to carefully choose a lender?
Why is it important for businesses to carefully choose a lender?
What is a common reason why candidates fail to receive grants?
What is a common reason why candidates fail to receive grants?
Why do start-ups have a harder time accessing loans compared to established businesses?
Why do start-ups have a harder time accessing loans compared to established businesses?
What is a key requirement for most grants mentioned in the text?
What is a key requirement for most grants mentioned in the text?
Which factor is crucial for entrepreneurs to be able to access loans?
Which factor is crucial for entrepreneurs to be able to access loans?
